Employee Benefits Blog

The 162(m) Transition Rule Guidance Has Arrived

On August 21, 2018, the IRS released Notice 2018-68 providing its initial guidance on the Tax Cuts and Jobs Act (Act) transition rule for changes under 162(m). Before the Act, 162(m) limited a public company’s tax deduction to $1,000,000 for annual compensation paid to its “covered employees” (i.e., the CEO and the other three most […]

August 24, 2018 | 2 min read | Tagged: 162(m), covered employee, Material Modification, notice 2018-68, tax cuts and jobs act, transition rule, written binding contract

Marvin "Bucky" Swift Former Partner

IRS Announces Reduction in Family HSA Contribution Limit for 2018

In Revenue Procedure 2018-18, the Internal Revenue Service announced a reduction in the HSA contribution limit for family coverage in 2018 to $6,850 from $6,900. The self-only HSA contribution limit for 2018 remains unchanged at $3,450. This change is a technical result of the Tax Cuts and Jobs Act, which adjusted the method for calculating […]

April 3, 2018 | 2 min read | Tagged: COLA, cost of living adjustment, HSA contribution limit, IRS, tax cuts and jobs act, TCJA, transition relief

Matthew P. Chiarello Partner